Home sales in Big Bear for February 2009 (57) were up 68% as compared to February 2008 (34), and 21% compared to January 2009 (47). Year to date home sales are up 66%, not bad. The first four months of the year are the four slowest of the year, so the outlook this year is not as bad as you hear every day on the news. All real estate is local and this is good news for Big Bear. 27, or 47%, of the 57 home sales in Big Bear were bank owned and 5, or 8%, were short sales. The number of short sales in Big Bear … [Read more...]
Search Results for: absorption rate
Big Bear Home Sales – January 2009
February 5, 2009 by Leave a Comment
Home sales in Big Bear for January 2009 (47) were up 37% as compared to January 2008 (30), and 13% compared to December 2008 (41). January is normally one of the 4 slowest months of the year for sales so this is pretty good news all things considered. 25, or 59%, of the 47 home sales in Big Bear, were either bank owned or short sales. This is up from 44% of the total sales last month. I suspect this number will continue to rise this year. Not great news but we have to get them sold in order to get through this … [Read more...]
Big Bear Home Sales – December 2008
January 3, 2009 by Leave a Comment
Home sales in Big Bear for December 2008 (41 total) dropped 26% as compared to December 2007, and fell 18% from the November 2008 home sales number of 50. Typically, November & December are the best two months of the year for closings/sales, but this year they ranked 5th & 3rd respectively as the slowest months for sales in 2008. The median price for the homes sold was $262,000, up 9% from Nov. 2008, but down 5% from Dec. 2007. With such a limited amount of sales, any slight variation can throw these … [Read more...]
Big Bear Home Sales – November 2008
December 4, 2008 by Leave a Comment
Home sales in Big Bear for November 2008 (50 total) dropped 25% as compared to the same month last year, and fell 32% from the October 2008 home sales number of 73. This is a pretty big drop in sales activity, which is most likely a result of all the negative economic news over the past 60+ days. Typically, November & December are the best two months of the year for closings. The median price for the homes sold was $240,287, down 6% from Oct. 2008 and also down 15% from Nov. 2007. The median price has been … [Read more...]
Big Bear Home Sales – October 2008
November 6, 2008 by Leave a Comment
Home sales in Big Bear increased 28% in October 2008 as compared to the same month last year, but fell 11% from the September 2008 home sales number of 82. Though it is down, it was still the second best month for homes sales in Big Bear this year. The median price for the homes sold was $255,000, up 12% from Sept. 2008 but down 18% from Oct. 2007. The median price has been quite sporadic the past 6 months, ranging between $205,000 to $290,000. With such a limited amount of sales, any slight variation can throw … [Read more...]
Thinking of Selling Your Big Bear Home? How Does 2010 Sound?
January 4, 2008 by 3 Comments
If you are thinking of selling your Big Bear home, you may want to take a look at the absorption rate of homes that are currently for sale. This is a great way to become more informed on the local real estate market, whether your are buying or selling. There is an easy to understand article here describing what the absorption rate is and what it means for the real estate market. In simplistic terms, it is the amount of time it will take for a specified set amount of properties to be absorbed under current real … [Read more...]
